GIC to defer preferential investment in Fortis
The Government of Singapore Investment Corp. (GIC) is aiming to defer its $82 million preferential investment in Indian hospital management firm Fortis Healthcare, the latest turn in the highly contested race to take control of Parkway Holdings.
In announcing the move, the SWF noted that it was still invested in Fortis' future interests, as it owns convertible bonds from the company. GIC additionally said it would consider other fundraising endeavors...
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